V.Group is expanding its insurance services in a London based joint venture with an established Lloyd’s marine insurance broker.

With effect from 1st September, a reorganization of V.Ships London based insurance division sees the creation of V.Scope Risk Management Ltd, an FCA accredited insurance intermediary.

As well as providing a fully integrated insurance management and claims handling service to existing V.Ships’ offices and their customers, V.Scope can offer the same service to third party clients.

V.Scope will operate from the London office and will continue to handle all internal insurance needs for group companies. The existing V.Ships London insurance team are transferring to the new company and to all intents and purposes it will be “business as usual”.

V.Scope is a joint venture between V.Group and Lloyd’s marine insurance and reinsurance broker Seascope Insurance Services Ltd. Seascope were instrumental in setting up V.Ships captive insurance company Alvada Insurance Inc, which this year celebrates thirty years of underwriting.

In taking the decision to choose Seascope as its partner in this new venture Martin Stafford, head of the Marine Services Division, said: “We have been looking to offer a wider portfolio of insurance services to our many clients and having worked closely with Seascope for over thirty years we are confident that they have the experience and reputation to help us deliver significant added value to our insurance services.”

Andrea Sessa, Group Commercial Director is equally enthusiastic about the joint venture saying “We welcome this strategic alliance with a recognized insurance broker such as Seascope. We look forward to offering to our clients more competitive and flexible products to support them in controlling their operating costs, in such difficult market conditions.”

Update 18 February 2014: We are pleased to announce the launch of a brand new V.Scope Risk Management Ltd. website - www.v-risk.com